ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that “we are not currently in a currency war but rather a trade war situation.”

“Protectionism and uncertainty are having a negative impact on US economic confidence,” he added.

May 16, 2025

China’s Vice President Han: There is ample room for collaboration between US and China

China's Vice President Han Zheng said on Friday that “there is ample room for collaboration between the US and China.”

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May 16, 2025

EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary

EUR/JPY extends its losing streak for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within an ascending channel, suggesting a bullish bias is in play.

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